Guernsey's financial services industry has developed at a considerable rate over the past 50 years and the jurisdiction is recognised as a global centre of expertise for banking, investment funds, insurance and private client services.
The Island has robust administrative, legal and regulatory infrastructures and a commitment to meeting the highest standards on tax transparency and exchange of information. In 2016 the FATF confirmed that Guernsey is compliant or largely compliant with 48/49 of the Financial Action Task Force (FATF) recommendations in respect to anti-money laundering and combating the financing of terrorism.
Guernsey has an AA-credit rating from Standard & Poor's, representing the island's very strong capacity to meet its financial commitments.
Guernsey's tax neutrality facilitates substantial investment to and from the UK and Europe - there are no capital gains taxes or death or inheritance taxes in Guernsey.
Statistics about Guernsey
Guernsey domiciled investment funds with £412bn AUM
Europe's largest captive insurance domicile with 1,000+ international insurance entities
licensed banks with deposits exceeding £88bn
leading non-UK domicile for LSE listed companies globally
Carey Olsen in Guernsey
Carey Olsen’s roots in Guernsey go back to 1898. Today we are the largest law firm in Guernsey, offering our clients the full range of corporate and finance, investment funds, dispute resolution and litigation, trust and private wealth as well as property legal advice.
We work alongside all of the major international law firms, accountancy firms and insolvency practitioners and our clients include global financial institutions, investment funds, private equity houses, multi-national corporations, sovereign wealth funds, high net worth individuals, family offices, directors, trustees and private clients.
We also provide a comprehensive range of legal services under the laws of Alderney and Sark.
Our Credentials in Guernsey
We advised on the majority of Guernsey-domiciled funds by AUM in 2018-19
Tier One for all our practice areas in The Legal 500 UK rankings